Best Demat Account 2016

Demat account is a must for an individual who is planning to buy and sell shares and can be used to hold shares in the electronic form.

New investors who wish to start trading should be smart in choosing a demat account or else he has to end-up paying a high fee and charges for each transaction. Different charges are applicable for opening and maintaining a demat account.

e.g. New investors can be interested in opening an account with low brokerage broking firm, firms offering zero account opening charges, or one with low Annual Maintenance Charges (AMC).

Individuals, while choosing a Demat account should check firms with good customer support along with other charges.

Zerodha

Zerodha was one of the first brokerages in the country to start discount broking in the country.

Zerodha is amongst the fastest growing, top volume contributors with an average daily trading turnover of over Rs 10,000 crores.

The brokerage firm charges a flat fee of Rs 20 per transaction.

Equity delivery investments are offered free.

Demat account opening charges are Rs 150.

Demat account Annual Maintenance Charges (AMC) are Rs 400 per year.

RKSV

RKSV has now become one of the largest low-cost brokerage firms in India with thousands of customers across the country.

RKSV charges a brokerage of just Rs 20 and there are 5 free trades per month under Dream plan.

If you hold on to an equity trade overnight, you pay zero brokerage.

TKSV charges Rs 20 per order traded regardless of the size of the trade.

Demat account opening charges - Rs 300

Demat account Annual Maintenance Charges (AMC) - Rs 400

Angel Broking

Angel Broking is one of the leading stock broking and wealth management firms, in India with a presence in 900 cities.

If you are new to stocks, you can consider this as there is free SMS advisory service.